Monday, August 31, 2009

Who knows what's going to happen in the next two hours, but, at the moment, it appears as though August will be just the second month in the last 20 or so where the Dow Jones Industrial Average does not post a single day of declines in excess of 200 points.Of course, a decline of this magnitude today would be about a 2.1 percent drop, whereas, a year ago, that same 200 points would work out to be a drubbing of 1.7 percent. Come to think of it, that difference is a whole lot less than it seemed it would be before doing the math.